Does Phones 4u still exist?
On 15 September 2014, Phones 4u entered administration, after the two remaining suppliers EE and Vodafone terminated their contracts. Stores closed, and both the Phones 4u and Dial-A-Phone websites were taken offline, pending a decision by the administrators.
Who took over Phones 4u?
Vodafone withdrew its business a fortnight ago. O2 stopped selling through Phones 4u earlier this year and the network 3 some time before that. BC bought Phones 4u in 2011 for €770m (£610m), leaving the business with debts of £635m.
What phone company did Caudwell own?
John Caudwell, 67, was born on October 7, 1952, and is a British billionaire businessman and philanthropist who co-founded the mobile phone retailer Phones 4u.
Why did Phones 4u fail?
The immediate cause of Phones 4U’s collapse was the decision by Britain’s biggest mobile-phone operator, EE, owner of the Orange and T-Mobile brands, not to renew a contract to sell its products in Phones 4U shops. This followed a similar decision by Vodafone earlier this month.
Who sold Phones for you?
Mr Caudwell once worked in a tyre factory and sold used cars but jumped on the mobile phone revolution in the 1980s, trading as Midland Mobile Phones – later renamed Phones4u. It grew to a chain of nearly 600 shops and was selling 26 phones a minute by the time he sold the business for £1.5billion in 2006.
How did billionaire John Caudwell make his money?
John David Caudwell (born 7 October 1952) is a British billionaire businessman who founded the now defunct mobile phone retailer Phones 4u.
Why did Phones 4u close down?
Phones 4u closed its 550 stores on Monday, after it lost a crucial contract with EE, the final blow to its business model of selling phone contracts for the major mobile operators. PwC was confirmed on Monday afternoon as the administrator for Phones 4u’s 720 outlets, including 550 of its own stores.